Some of the recent recovery in spending by UK households has been accounted for by spending abroad. So while the official household spending figures show growth, data for domestic spending are less encouraging. And as the economy recovers, UK consumers’ foreign spending could rise even further. But there are good reasons to think that tourism spending in the UK will hold up well.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services